Financial trouble for far west orchard

The company that took over an orchard and vineyard near Menindee just last year, has gone into liquidation.

Pegasus Orchards took over the property from Tandou last June, growing stone fruits, citrus and chardonnay grapes.

Spokesman for the appointed liquidator BRI Ferrier, Raheel Chaudhry, says the company had a tough year.

"I guess the two factors were the yield was down, which had, and the price per kilo was also down on what they were budgeting for."

A creditors' meeting is set for today.

Mr Chaudhry says there are ten employees who are owed money.

"Where there are insufficient assets to meet the claims of employees, the employees will get paid by the federal goverment, under what's known as it's the GEERS scheme - the general employee entitlement redundancy scheme."